摘要
政府环境管制如何影响企业的环保投资行为?企业环保投资行为是否具有行业差异?对上述问题的回答有助于更好地了解企业环保投资活动的特点、明确政府环境管制与行业管制的有效性。基于中国A股上市公司的经验数据,本文研究发现:我国上市公司普遍存在环保投资额不足的现象,环保投资对企业来说是一种"被动"行为;政府环境管制强度与企业环保投资规模之间呈"U"型关系,即环境管制对企业环保投资行为的影响存在"门槛效应",企业环保投资行为更多地体现出"被动"迎合政府环境管制需要的特征;重污染行业企业比非重污染行业企业投入了更大规模的环保资金。本文的研究成果既拓展了企业投资研究的视野,又丰富了环境管理会计方面的学术文献。
How does government's environmental regulation affect corporate environmental investment? Doescorporate environmental investment behavior differ among different industries? Exploring the above questions help us better understand the activities of corporate environmental investment,and know the effectiveness of government's environmental regulation and industry regulation. Based on the empirical statistics of Chinese capital market,the paper found: ( 1) As for the environmental investment of China's listed companies,the amount was generally insufficient and the behavior was passive. ( 2) There was a U -shape relationship between the strength of government's environmental regulation and the amount of corporate environmental investment. That was, the former had a'Threshold Effect'on the latter,and corporate environmental investment always passively met government's environmental regulation. ( 3) The companies belong to heavily-polluting industry had invested much more on environment protection than non-heavily-polluting industry companies. The findings expand the research perspective of corporate investment and enrich academic research on environmental management accounting.
出处
《会计研究》
CSSCI
北大核心
2013年第6期83-89,96,共7页
Accounting Research
基金
国家社科基金项目"企业环保投资效率评价体系构建与应用研究"(11BJY136)的阶段性研究成果
